Leaders across the globe are confronting a rapidly widening skills gap and need to rethink skill building at scale. Here are nine best practices to successful skill transformations.
The COVID-19 pandemic has dramatically increased remote work and accelerated both e-commerce and automation, shifting the capabilities that companies and their employees need to thrive. Tech skills are table stakes, but social, emotional, and advanced cognitive skills are becoming vital as well. So what are companies doing to meet the reskilling challenge? During a McKinsey Live webinar, partners Florian Pollner and Angelika Reich discussed McKinsey’s recent global survey on building workforce skills at scale and offered the nine best practices for successful skill transformations that were cited by survey respondents.
According to the survey, organizations that implemented all of the nine best practices, reported a nearly 100 percent chance of having a successful skill transformation. On the other hand, those organizations that implemented two to three best practices reported a 40 percent success rate.
Watch the replay, to dive a little deeper into what these nine practices are and examples and suggestions for how to get started.
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For more on this topic, please read the survey “Building workforce skills at scale to thrive during—and after—the COVID-19 crisis” and the article “To emerge stronger from the COVID-19 crisis, companies should start reskilling their workforces now.”
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